A report in Bloomberg says the company has maintained a steady profit before interest, taxes and amortisation for at least 17 months, according to unnamed sources close to Airbnb.
The report comes shortly after Morgan Stanley raised concerns about Airbnb's growth last week. A report from the firm said the frequency of bookings slowed, based on an online survey of 4,000 customers from the US, UK, France and Germany.
However, the survey didn't include Latin America and Asia, where growth is running at around 150 per cent and 80 per cent respectively.
Profitability and revenue growth are essential to Airbnb if it is to justify its private valuation of $31 billion ahead of a 2018 initial public offering.
Airbnb hits $1 billion in Q3 revenue
Airbnb doubled its net revenue in Q3 to around $1 billion as it builds towards an expected IPO.
“It’s been great, you have representation from the larger, more traditional operators as well as the new and emerging aparthotel operators. It’s fantastic to see them interacting with each other and it’s been great to be here.
Ariel Maidansky, CEO and co-founder, Envizzo - 2019
About The Summit
International Hospitality Media are the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry.
